Independent Capital Indonesia Encourages Digital Innovation Through Mandiri Innovation Hub 2024

Photo: Special

JAKARTA - Mandiri Capital Indonesia (MCI), a subsidiary company of Bank Mandiri engaged in the venture capital industry, proactively encourages innovation in financial technology (fintech). Through the Mandiri Innovation Hub initiative which coincided with the Singapore Fintech Festival 2024, MCI had the opportunity to demonstrate Bank Mandiri's digital innovation, namely Livin' & Kopra, to various foreign companies such as Visa, JP Morgan, and AI Rudder.

Tri Nugroho, General Manager & Country Head, Bank Mandiri Singapore said, Mandiri Innovation Hub provides an opportunity for us to introduce potential local innovation at the regional level.

"As an international branch of Bank Mandiri based in Singapore, which is one of the world's business center cities, we are committed to supporting digital transformation and expanding access to more inclusive financial solutions across Southeast and international Asia markets," Tri said in a written statement, Tuesday, December 31.

On the same occasion, MCI also held a business matchmaking program between startups engaged in Artificial Intelligence (AI), Renewable Energy, Waste Management, Fraud Detection, and Cross-Border Payment & Remittance with various business work units in the Mandiri Group ecosystem. This program provides an opportunity for MCI to share insights into the latest technology that can encourage digital transformation in the financial sector in Indonesia.

Ronald Simorangkir, CEO of Mandiri Capital Indonesia said Mandiri Innovation Hub marked an important moment not only for Bank Mandiri, but also for Mandiri Capital Indonesia.

"Together we can push the fintech revolution forward, making banking services more accessible and inclusive for all," he explained.

The Mandiri Innovation Hub also held a panel discussion session with a number of relevant topics, including the application of Artificial Intelligence (AI) in the financial sector, circular economy, and the development of sustainable digital innovation.

This discussion aims to explore technological potentials such as AI, in accelerating the efficiency and accessibility of financial services, as well as how the fintech sector can play a role in supporting the circular economy and digital transformation in Indonesia.

Kevin Wu, CEO of AI Rudder said, the development of AI's conventional technology, especially AI Voice Technology, is one way for his party to help businesses interact more efficiently with customers.

"This step is in line with our joint efforts by Bank Mandiri to encourage optimal digitization. With this, we believe AI will play an important role in the transformation of the financial sector, not only in Indonesia, but also in the global realm," he said.